Yunfeng Financial, indirectly held by Jack Ma, announced the issuance of a total of 191 million new shares in a first old and then new manner, with a subscription price of HK$6.1 per share, raising a total of approximately HK$1.17 billion. The purpose of this issuance is to expand the company's shareholder base and capital base, and to increase the liquidity of the company's shares in the market. The funds raised this time will mainly be used for the upgrade of the group's system facilities, recruitment of talents, and related capital needs, including but not limited to the launch of comprehensive virtual asset trading services and virtual asset-related investment management services.
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Yunfeng Financial, in which Jack Ma holds an indirect stake, raised HK$1.17 billion through a rights issue to support the launch of virtual asset trading and related investment management services.
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